There are a multitude of factors that come into play such as the type of property and its location, and the structure of your investment portfolio.

Doing this and then moving out right away is called Occupancy Fraud, a type of mortgage fraud! 

I’d love to hear some perspectives from more experienced investors on what you think about the info below:$75k for a 5bd 3 ba manufactured home that rents out each room for $500/monthPros:Reliable tenant paymentsCheap purchase price relative to income generatedPotential for ~16% CoC ROICons:Long distance investment (requires property manager)Month-to-month leases per bedroom (& no deposits collected)Located in Utica, MS – not a thriving market for rentalsManufactured home – not sure this type of home will build equityUnsure what kind of tenants live here Hey Molly!

These types of exchanges are great for purchasing new construction.

What made you interested in investing in this type of deal?

Hey Errol, Im open to getting on the phone with you to give you some perspective of this type of construction and what you should expect if you decide to move forward.

I've got a couple of soft factor questions I'm not sure how to analyze and would love to speak to a few of you more experienced types!

Is this type of financing common?

What type of property are you purchasing? 

: I understand that there is commercial and residential, but there has got to be subgroups While I don't think you need to niche down immediately, some specializations in residential RE are:- Co-op- Condo (incl. luxury)- SFR (median pricepoint)- SFR Luxury- MFR- RentalsThere are a ton of commercial RE specializations including retail (various types), restaurant, other food/bev., warehouse, storage, and dozens more.What should I expect when first coming into the profession ?